BTC investment update from 08/05/2018

in cryptocurrency •  6 years ago 

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Flatter and flatter descending triangles... hmm? https://www.coinigy.com/s/i/5b66606f2ee46/

Descending triangles typically break down.
And typically the bigger the triangle over time the bigger the break down. Are you ready for up or down?

this is my plan
-Add BTC if price hits limit orders (around 3700 and below)
-If not --- Look at ALTS
-Ride current positions
-Add only on or after an obvious capitulation
and/or in accumulation.
-or think about Buying ALTs when BTC goes above 50W MA

Portfolios:
Add only on or after an obvious capitulation
and/or in accumulation.
Think about Buying ALTs when BTC goes above 50W MA

Hold for a duration of at least 1 year

  1. Core LT Holdings -- BTC, LTC, ETC, ZEC and
    perhaps others.

  2. Long Term Accumulation --- ZRX, NEO, SALT and
    other projects/ businesses I believe in.

  3. Exchange and Security Tokens --- BNB and other
    tokens made by exchanges for trading. Plus Poly
    and other security tokens.

  4. 1000X -- 10 to 20 long shot speculative plays that
    I will cash out at 1000x or never.

I really would love a solid obvious capitulation on BTC. That would make my investments much easier.

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